IMMO POSTELMANS - FREDERIX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO POSTELMANS - FREDERIX
Largest movements
- Cash -€19,260
down €19,260 (-17.0%), from €113,329 to €94,070
mainly Net result for the year (-€14,039) and Current investments (-€11,366)
- Current investments +€11,366
up €11,366 (+2.0%), from €557,131 to €568,497
- Reserves -€14,039
down €14,039 (-1.6%), from €888,564 to €874,525
of which Distributable reserves: -€14,039
- Gross operating margin -€22,339
down €22,339, from €14,881 to -€7,459
- Financial income -€4,324
down €4,324 (-19.7%), from €21,971 to €17,647
- Other operating charges +€870
up €870 (+5.1%), from €17,073 to €17,944
- Financial charges -€311
down €311 (-47.3%), from €657 to €346
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €992,302 | €978,837 | -€13,465 | -1.4% |
| Fixed assets | 21/28 | €195,423 | €189,485 | -€5,938 | -3.0% |
| Tangible fixed assets | 22/27 | €195,423 | €189,485 | -€5,938 | -3.0% |
| Land and buildings | 22 | €195,423 | €189,485 | -€5,938 | -3.0% |
| Current assets | 29/58 | €796,880 | €789,352 | -€7,527 | -0.9% |
| Amounts receivable within one year | 40/41 | €116,748 | €122,172 | +€5,424 | +4.6% |
| Other amounts receivable | 41 | €116,748 | €122,172 | +€5,424 | +4.6% |
| Current investments | 50/53 | €557,131 | €568,497 | +€11,366 | +2.0% |
| Cash at bank and in hand | 54/58 | €113,329 | €94,070 | -€19,260 | -17.0% |
| Deferred charges and accrued income | 490/1 | €9,671 | €4,613 | -€5,058 | -52.3% |
| Total equity and liabilities | 10/49 | €992,302 | €978,837 | -€13,465 | -1.4% |
| Equity | 10/15 | €988,564 | €974,525 | -€14,039 | -1.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €888,564 | €874,525 | -€14,039 | -1.6% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €878,564 | €864,525 | -€14,039 | -1.6% |
| Amounts payable | 17/49 | €3,738 | €4,312 | +€574 | +15.4% |
| Amounts payable within one year | 42/48 | €2,238 | €2,812 | +€574 | +25.6% |
| Trade debts | 44 | €169 | €743 | +€574 | +339% |
| Suppliers | 440/4 | €169 | €743 | +€574 | +339% |
| Advances received on contracts in progress | 46 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €969 | €969 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,938 | €5,938 | = | 0.0% |
| Other operating charges | 640/8 | €17,073 | €17,944 | +€870 | +5.1% |
| Gross operating margin | 9900 | €14,881 | -€7,459 | -€22,339 | |
| Operating profit (loss) | 9901 | -€8,131 | -€31,341 | -€23,210 | -285% |
| Financial income | 75/76B | €21,971 | €17,647 | -€4,324 | -19.7% |
| Recurring financial income | 75 | €21,971 | €17,647 | -€4,324 | -19.7% |
| Financial charges | 65/66B | €657 | €346 | -€311 | -47.3% |
| Recurring financial charges | 65 | €657 | €346 | -€311 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €13,184 | -€14,039 | -€27,223 | |
| Profit (loss) for the period | 9904 | €13,184 | -€14,039 | -€27,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,184 | -€14,039 | -€27,223 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.